UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 26, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36704 BGSF, INC. (exact name of registrant as specified in its charter) Delaware 26-0656684 (State or other jurisdiction of in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 27, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36704 BGSF, INC. (exact name of registrant as specified in its charter) Delaware 26-0656684 (State or other jurisdiction of i ...

| --- | --- | |-------|---------------------------------------------------------------------------------------| | | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _______________ | | | FORM 10-K | | | _______________ | (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 26, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to BGS ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 26, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36704 BGSF, INC. (exact name of registrant as specified in its charter) Delaware 26-0656684 (State or other jurisdiction ...

Revenue Performance - Revenues for the thirteen weeks ended June 27, 2021, were $74.392 million, an increase of approximately $11.786 million (18.8%) compared to $62.606 million for the same period in 2020[141]. - Total revenues increased to $142.1 million, a 3.3% increase from $136.7 million in the previous year[158]. - Real Estate segment revenues increased by approximately $9.4 million (80.1%), driven by a 63.5% increase in billed hours and a 10.2% increase in average bill rate[144]. - Professional segment revenues decreased by approximately $0.4 million (1.3%), primarily due to a 4.1% decrease in billed hours and a 1.1% decrease in average bill rate[145]. - Light Industrial segment revenues increased by approximately $2.8 million (19.9%), attributed to an 11.2% increase in billed hours and a 7.8% increase in average bill rate[146]. - Real Estate revenues increased approximately $8.0 million (25.2%) primarily due to recovery effects from the COVID-19 pandemic, with a 14.4% increase in billed and a 9.8% increase in average bill rate[159]. - Professional revenues decreased approximately $5.7 million (7.8%) due to a 11.7% decrease in billed hours, partially offset by contributions from acquisitions[160]. - Light Industrial revenues increased approximately $3.1 million (9.7%) primarily due to increased demand in the logistics market, with an 8.3% increase in average bill rate[161]. Profitability - Gross profit for the thirteen weeks ended June 27, 2021, was $21.783 million, representing a 28.9% increase compared to $16.905 million for the same period in 2020[149]. - The overall gross profit margin improved to 29.3% from 27.0%, primarily due to higher gross profits in the Professional segment and increased contributions from the Real Estate segment[149]. - Operating income for the thirteen weeks ended June 27, 2021, was $4.318 million, compared to a loss of $6.085 million for the same period in 2020[141]. - Net income for the thirteen weeks ended June 27, 2021, was $3.443 million, compared to a net loss of $4.829 million for the same period in 2020[141]. - Real Estate gross profit increased approximately $3.4 million (76.6%) due to increased revenue and an 8.8% increase in average spread[150]. - Professional gross profit increased approximately $1.0 million (9.3%) primarily from an increase in permanent placements and the 2021 Momentum acquisition, despite a 1.3% decrease in average spread[151]. - Light Industrial gross profit increased approximately $0.5 million (24.4%) in line with increased revenue and an 11.5% increase in average spread[152]. - Adjusted EBITDA for the thirteen weeks ended June 27, 2021, was $4.8 million, compared to $3.3 million for the same period in 2020, representing a 45.5% increase[177]. - Net income for the thirteen weeks ended June 27, 2021, was $3.4 million, a significant improvement from a net loss of $4.8 million in the same period of 2020[177]. - Operating income for the trailing twelve months ended June 27, 2021, was $12.5 million, compared to a loss of $3.4 million for the trailing twelve months ended June 28, 2020[177]. Expenses and Financial Management - Selling, general and administrative expenses increased approximately $3.5 million (24.2%) primarily due to additional compensation from increased revenues[153]. - Depreciation and amortization charges decreased approximately $0.6 million (38.3%) primarily due to changes in the Professional segment[155]. - Interest expense, net decreased approximately $0.3 million (32.8%) primarily due to lower average balance on the Revolving Facility and increased interest income[170]. Cash Flow and Capital Management - Cash provided by operating activities for Fiscal 2021 was $1.7 million, a decrease of $13.4 million compared to $15.1 million in Fiscal 2020[185]. - Cash used in investing activities in Fiscal 2021 included $3.8 million for the Momentum acquisition and $1.1 million for capital expenditures[187]. - The company borrowed $6.1 million on its Revolving Facility in Fiscal 2021 to meet increased working capital needs and fund the Momentum acquisition[189]. - Working capital as of June 27, 2021, was $23.3 million, a decrease from $25.4 million as of December 27, 2020[183]. - The company has a Revolving Facility with a maximum borrowing capacity of $35 million, maturing on July 16, 2024[191]. - The company is subject to a maximum Leverage Ratio and a minimum Fixed Charge Coverage Ratio as per its Credit Agreement[192]. - The company is monitoring liquidity closely, particularly payments from client partners, amid ongoing uncertainty related to COVID-19[181]. Operational Impact of COVID-19 - The company continues to monitor the impact of COVID-19 on its operations and has implemented cost containment measures to mitigate financial impacts[135]. - The company operates across 42 states and D.C., with a focus on expanding its workforce solutions in the Real Estate, Professional, and Light Industrial segments[130].

Revenue Performance - Total revenues for the thirteen weeks ended March 28, 2021, were $67.712 million, a decrease of approximately $6.355 million (8.6%) compared to $74.067 million for the same period in 2020[130]. - Real Estate segment revenues decreased by approximately $1.4 million (7.1%) due to a 14.3% decrease in billed hours, partially offset by an 8.9% increase in average bill rate[134]. - Professional segment revenues decreased by approximately $5.2 million (14.3%), primarily due to a 19.7% decrease in billed hours, despite a contribution of $3.7 million from the EdgeRock acquisition[135]. - Light Industrial segment revenues increased by approximately $0.3 million (1.5%) due to increased demand in the logistics market, with an 8.5% increase in average bill rate[136]. - Total revenue for the period was $16,723,000, representing a 3.2% increase from $16,202,000 in the previous year[145]. Profitability - Gross profit for the thirteen weeks ended March 28, 2021, was $18.815 million, a decrease of approximately $1.460 million (7.2%) compared to $20.275 million in the same period in 2020[139]. - The gross profit margin increased to 27.8% from 27.4%, primarily due to higher gross profits in the Professional segment[139]. - Adjusted EBITDA for the period was $2,886,000, a decrease of 45.2% compared to $5,266,000 in the prior year[151]. - Net income for the period was $712,000, down from $1,499,000, reflecting a 52.5% decrease[151]. Expenses and Financial Management - Selling, general and administrative expenses increased by approximately $0.5 million (3.2%), primarily due to the EdgeRock and Momentum acquisitions[143]. - Interest expense decreased by approximately $0.1 million (17.4%) due to lower average balance on the Revolving Facility and lower rates[146]. - Income tax expense decreased by approximately $0.6 million (79.7%) primarily due to lower pre-tax income and non-deductible transaction fees[146]. - Cash provided by operating activities was $1,911,000, a decrease of $4.7 million compared to $6,640,000 in the previous year[159]. - Cash used in investing activities was $4,328,000, primarily for the Momentum acquisition and capital expenditures[157]. Capital Structure and Financing - The company borrowed $3.8 million on the Revolving Facility to fund the Momentum acquisition[163]. - Working capital as of March 28, 2021, was $19,189,000, down from $25,380,000 in the previous year[157]. - The company plans to open new branches throughout the next year, which may require additional debt or equity financing[156]. - The company entered into a standby letter of credit arrangement in March 2020, with a maximum financial exposure of $0.1 million as of March 28, 2021[168]. Operational Context - The company continues to monitor the impact of COVID-19 on its operations and may take further actions as required by authorities[129]. - The company operates across 42 states and D.C., with a focus on three segments: Real Estate, Professional, and Light Industrial[120]. - The company has completed multiple acquisitions to expand its workforce solutions capabilities, including EdgeRock in February 2020 and Momentum in February 2021[120]. Accounting and Risk Management - The consolidated financial statements are prepared in accordance with GAAP, with significant accounting policies reviewed regularly to ensure fair presentation[169]. - The company is exposed to interest rate risk due to a portion of its Revolving Facility and Term Loan being priced at variable interest rates[170].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36704 BG STAFFING, INC. (exact name of registrant as specified in its charter) Delaware 26-0656684 (State or other jurisd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36704 BG STAFFING, INC. (exact name of registrant as specified in its charter) Delaware 26-0656684 (State or other jurisdictio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36704 BG STAFFING, INC. (exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _______________ FORM 10-K _______________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 29, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36704 BG STAFFING, INC. (Exact Name of Registrant as Specified in Its Charter) _______________ 5850 Grani ...